I can’t believe some of the numbers I’m reading on this site. $65 a foot? 100X rent? Unbelievable! In my area (Diamond Bar) I’m renting a 24 yr old home for $2850 a month, a house that’s 3800 sq. ft. and is valued at $1.3M. Let’s see, that’s 456X rent, and $342 a foot. And prices are stable, as there is not much inventory for sale. What’s maddening, too, is that I can drive thirty minutes and be in areas that are described here (Riverside, Corona) that are so much less expensive. Doesn’t seem fair.
